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we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world woul
we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame...
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resolve the trade deficit by china by combating protectionism, something mr. obama is afraid to do. develop domestic oil and gas, something mr. obama feels is immoral, and something that, and, essentially, have some smart regulation on wall street. not layer upon layer upon layer of endless nonsense that keeps you from making loans. jenna: charlie, is it simply a change of administration? peter's pointed to that, you've got to get someone with a different paradigm in there. is that all it is? is it that simpling, quote-unquote? >> i will say this, by the i -- way, corporate america is better. business leaders are worried about a lot of stuff in terms of fiscal policy coming out of this administration. >> right. >> they believe this administration is anti-business. and by the way, just be fair about this for a second. what has barack obama and joe biden offered the country? the buffet tax. and that will -- buffett tax, that will tell you everything you need the know. jenna: we'll try to arrange that. charlie and peter, nice of to have you both today. >> take care. jon: all right. let
resolve the trade deficit by china by combating protectionism, something mr. obama is afraid to do. develop domestic oil and gas, something mr. obama feels is immoral, and something that, and, essentially, have some smart regulation on wall street. not layer upon layer upon layer of endless nonsense that keeps you from making loans. jenna: charlie, is it simply a change of administration? peter's pointed to that, you've got to get someone with a different paradigm in there. is that all it is?...
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going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to likely voters. that is a difference. we talk about it before. romney two-point lead. margin of error is tied. first time in a year, real clear politic average, he has the lead in the average of recent polls. what about this? the panel, jonah goldberg, from national review online. kirsten powers for daily beast. syndicated columnist charles krauthammer. charles, today's developments and well, big bird. >> democrats are actually running an ad showing big bird and contracting it with the bad guys on wall street. >> let's just play it. might as well. >> i'm just a prop here. >> bret: right. you're teeing
going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to...
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Oct 10, 2012
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e oqeio u f were to be reelected, we would see trillion dollar deficits again and again. our national debt is almost the same now as our total economy, gdp. itakeshaer fn the economy. ne tow hr opndse g kepresident, when i finally get this job, i will cap e spending i will cut it and i will get us on track to a balanced budget. >> there are other differences as well. the president is planning on obamacare cutting medicare for current retirees y 16l inatwr pr made to our seniors and i will rtore the funding and make sure th we protect medicare and social security. one thing that i will mention, the president's budget calls for treating our militaryby undreds of billions of dolrs, and then this wkran eat whhoca wi up another few hundred billion. the secretary of defense has called those kinds of cuts devastating to our national security. i will not cut our military. i will store that funding and in w.t ne he [applause] now, there is one more place where you saw a disnction ben twof u was a held theoominacat bs d pet listen carefully to the president's response. because what
e oqeio u f were to be reelected, we would see trillion dollar deficits again and again. our national debt is almost the same now as our total economy, gdp. itakeshaer fn the economy. ne tow hr opndse g kepresident, when i finally get this job, i will cap e spending i will cut it and i will get us on track to a balanced budget. >> there are other differences as well. the president is planning on obamacare cutting medicare for current retirees y 16l inatwr pr made to our seniors and i will...
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Oct 13, 2012
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i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working? >> no! >> he said pass my health care bill. he jammed it through congress without a single republican vote. he said we need to do this 'cause we can reduce the cost of premiums by $2,500. guess what? we found just found out from the people who look at this, congressional budget office, it's $2,500 increase in our premiums thanks to obamacare. do you think it's working? >> no. >> no, it's not working. but the good news is for ohio and for our country, we have a leader who has the experience. he's got the record. he has the character and he has the policies to turn thi
i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working?...
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Oct 14, 2012
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom i
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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Oct 6, 2012
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you have all of these things and four straight trillion-dollar deficits. we are right back at the starting line on the economy. this is a failed president. there is no doubt about it. >> greta: the polls are out. some polls, right now, we are starting to see in postdebate polls that the impact of governor romney's win. it looks like governor romney is closing the gap in several swing states. according to a new rasmussen poll. in ohio, president obama is leading romney by 1 percentage point n. virginia, governor romney leads 49-48%. in florida, governor romney leads by 2 percentage points. 49-47. all three are in the markin of error, but they do show gains by governor romney. it appear hes got a bounce? >> he got somewhat of a bounce. this is like a great wave, greta it's vitally important, i think we are not going to see how far the wave rolls up the beach until the polls are taken postdeigate -- post-debate, especially in ohio, if he's tied then or ahead in ohio, after that, and virginia and florida, it is a brand-new ballgame. in ohio, i think that's the
you have all of these things and four straight trillion-dollar deficits. we are right back at the starting line on the economy. this is a failed president. there is no doubt about it. >> greta: the polls are out. some polls, right now, we are starting to see in postdebate polls that the impact of governor romney's win. it looks like governor romney is closing the gap in several swing states. according to a new rasmussen poll. in ohio, president obama is leading romney by 1 percentage...
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Oct 8, 2012
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection, period. ordinary credit monitoring services may take 30 days to alert you. lifelock's 24/7 proact
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires...
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and the deficit is now 1.1 trillion. that was also came out yesterday morning. >> another barometer people always look at, too. is food stamps. 2009 what did we have 33.5 million, right? and then in 2010, 40.3. last year 44.7. and look at this year already. 46.8 million. that's as of july. >> big jump. >> yeah, so are companies hiring? that could be the good sign that companies are hiring. you want to have some good news, right? and it's hard because you are seeing manufacturing though for the second straight month also slipping. that's a sign of the strengthening economy as well which is getting the economy moving. >> but for people who don't pay attention. you know, you look at that number 7.8. things are turning around. >> are your pants ringing? >> is that my -- it is my phone. hold on a second. >> i'm hearing a 1940s style phone ringing it must be mike's phone. >> wait a second. let me take this call. can you do headlines or something? wait a second i wanted to order a pizza. >> we do have a fox news alert. because
and the deficit is now 1.1 trillion. that was also came out yesterday morning. >> another barometer people always look at, too. is food stamps. 2009 what did we have 33.5 million, right? and then in 2010, 40.3. last year 44.7. and look at this year already. 46.8 million. that's as of july. >> big jump. >> yeah, so are companies hiring? that could be the good sign that companies are hiring. you want to have some good news, right? and it's hard because you are seeing...
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we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, couples making over $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle class family with kids $2,000 in order to pay for their tax cut for the wealthiest americans. jon: i want to play a quick clip from my colleague chris wallace and get your reaction. >> i think i have watched almost every presidential and vice-presidential debate since the first four kennedy-nixon debates in 1960, thinking back over the last few minutes i don't believe i have ever seen a debate in which one participant was openly disrespectful of the other as biden was to paul ryan tonight. that's what it was. you can talk about the smirks, smiles, head shaking, the mugging, it was openly
we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, couples making over $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle...
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romney will make the argument that the 16 trillion-dollar deficit -- debt, rather, is very much part of the obama administration's responsibility because of so much he added to it it substance for mr. romney having criticized joe biden for an absence of style last night, shep. >> shepard: carl cammeron live lancaster, ohio. certain states seem to matter more in this election than others, don't they? in every election the battleground or swing state which could go republic or democrat could matter the most. this year handful of states states including nevada and quarter. molly line with more on this live from boston. >> hi, shep. we turned from the states where they have been spending a lot of time. nevada glitz and glamour of the las vegas strip. real estate tough bed. highest unemployment rate in the nation at 12.1%. difficult place to convince people that things are going to get better. 6 electoral votes are at stake. real estate agent says the housing market has been disseminated. >> because of, you know, mitt romney and knowing how to manage money and obama being for the people,
romney will make the argument that the 16 trillion-dollar deficit -- debt, rather, is very much part of the obama administration's responsibility because of so much he added to it it substance for mr. romney having criticized joe biden for an absence of style last night, shep. >> shepard: carl cammeron live lancaster, ohio. certain states seem to matter more in this election than others, don't they? in every election the battleground or swing state which could go republic or democrat...
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is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here they're going to be lowering these gas prices i love that the headline is that the i.m.f. downgrades forgot to say these are still far too rosy we just have a minute but no one nation that the i.m.f. upgraded with the u.s. and as you said you think the u.s. is in recession we talked about that before others i talk to you think a u.s. recession is baking a cake so what gives with i.m.f. . but related to roberta you ordered a little bit of rebirth so there you go late to every party but you are very much here for the party i really appreciate you being on the show and expounding upon all of this f
is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here...
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Oct 8, 2012
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government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on news the unemployment rate dropped to 7.8%. the dow gained, the s&p was flat, and a sell-off in apple dragged down the nasdaq. oil and gold staged dramatic pullbacks. today, platnum and gold producers will push to end a strike by south african workers over low wages. philip streible of rjo futures joins us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well r
government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on...
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Oct 12, 2012
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turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it? >> i think it is pretty bad. 42 out of the 4 months the president has been in office he has run a deficit. i think when we're $16 trillion in debt it has an effect on the economy. even most economists say when the debt is greater than 90% of the gdp you start to see a slowing. right now our debt is over 100% of our gdp. melissa: break down why you see the slowing. i think when we talk about these numbers to the average person it sounds like monopoly money. it is such a huge number you could never break it back. if you break it down, 3500 per person. 3468 to be exact. during the time president oba
turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize...
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if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues are going to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were government is forging the behavior and punishing bad behavior, is that we want to do? no. i think we can simplify and make it fair. by that we would give greater revenues. >> it sounds like it does commission point of view. enough of us know we have to pony up and get over ourselves and so the big problems. neil: whenever you do or a lame-duck session does, we won't be here december 301st. >> is heavily hope not. i think that leads -- we already have uncertainty. this brings more. lack of faith. possible downgrade. i don't think we consummate that and i don't think we should. we at least but to next yea
if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues are going to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were...
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there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and countries that should increase their consumption for example germany well they don't want to do that because they feeling pleasure they're not even a part of a union they are behaving as a single separate country this is the problem we have got to and of course looking to the future generation new data from greece now shows that more than fifty four percent of young people are out of a job spain is not far behind are these countries losing a lost generation or you know what they just pick up sticks and go elsewhere. well of course and in fact many people eager spain are learning german it's become the saf
there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and...
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Oct 13, 2012
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budget deficit topping that number for the fourth straight year. president obama had promised to cut the deficit in half by the end of his first term. next, 51.4 million, that's how many people watched the vice presidential debate on tv between paul ryan and joe biden. fox news the top cable network 10 million viewers. >> topped any network. >> combined can't even top them. try. the asbury park press reporting that's how much the government spent on experimental text terror program in new jersey. police say there are not been any credible tips so far using that service. >> that's a relief. there are more developments this morning in the deadly meningitis outbreak that has claimed the lives of 14 people. the number of confirmed cases now at 185 across 12 states. >> roughly 14,000 have been exposed to the recalled drug. will cece more cases and could you be at risk? joining us now is dr. marc siegel associate professor of medicine at nyu and part of our medical a team there is a new headline this morning on this new fungus that they have discovered,
budget deficit topping that number for the fourth straight year. president obama had promised to cut the deficit in half by the end of his first term. next, 51.4 million, that's how many people watched the vice presidential debate on tv between paul ryan and joe biden. fox news the top cable network 10 million viewers. >> topped any network. >> combined can't even top them. try. the asbury park press reporting that's how much the government spent on experimental text terror program...
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Oct 10, 2012
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she has been demanding tough deficit cutting measures. greece's politicians are wrangling over the details of an austerity package that's a precondition for more than 30 billion euros in loans. the money is part of a bailout approved by eurozone countries, the european central bank and the international monetary fund. tens of thousands of greeks rallied in central athens to protest against merkel's visit. about 7,000 police officers fanned out in the streets to control the demonstrators. >>> u.s. treasury secretary timothy geithner is visiting india before he jets to tokyo to attend the imf world bank meetings. he is welcoming efforts by indian leaders to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one ex
she has been demanding tough deficit cutting measures. greece's politicians are wrangling over the details of an austerity package that's a precondition for more than 30 billion euros in loans. the money is part of a bailout approved by eurozone countries, the european central bank and the international monetary fund. tens of thousands of greeks rallied in central athens to protest against merkel's visit. about 7,000 police officers fanned out in the streets to control the demonstrators....
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to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic video unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's a time in the u.s. consulate in benghazi libya which killed ambassador was an organized terror act not part of a mass protest. that was the bottom line of wednesday's congress hearing on the incident offices responsible for the safety of u.s. grounds in libya testified security had severely decayed since the ousting of moammar gadhafi and retired cia officer ray mcgovern says the congressman i was trying to school points instead of getting to the root of the problem i feel a sense of political carnival this is represented trying to make political points now they're trying to get hillary clinton for a lack of understanding about security. that's where they should try to. get every clue because the words she and others in libya th
to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic video unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's a time in the u.s. consulate in benghazi libya which killed ambassador was an organized terror act not part of a mass protest. that...
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ryan had voted to put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right he was right about that he didn't bother say the democrats will report he tried to pose as a political conservative by same i want to leave afghanistan do it he'll save american taxpayers eight hundred billion dollars. if they had real cuts we could save on more than that is the simpson bowles commission had suggested right and of course treated as a political football by saying you know we want to make the american navy smaller than it was before world war one to witness is not what the way to peace only strength is the way to peace yet paul ryan channel seemed to be out front of military for rays hinting at so prolonged stay in afghanistan action against iran even see what do you make of that why yes. he's one of the ones who says that the only way to pieces by total world domination by total military power. and. at the same time is claiming that he's a fiscal conservative and is going to save the country from budget deficits it's a total lie. we are wasting vast amou
ryan had voted to put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right he was right about that he didn't bother say the democrats will report he tried to pose as a political conservative by same i want to leave afghanistan do it he'll save american taxpayers eight hundred billion dollars. if they had real cuts we could save on more than that is the simpson bowles commission had suggested right and of course treated as a political football by saying...
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minute to go through the numbers we're speaking right now i currently have a seven point three public deficit and a public debt over one hundred sixty percent of the greek g.d.p. this is exactly the same for said percentage of public debt we had before the unusual story package in the ne shal be live in the meanwhile unemployment has reached twenty five percent and within the younger population it has skyrocketed to what are the first sentence. people as you're saying we have seen no major reduction in the debt despite a well medicated onslaught of bailouts here but if i may for a moment athens is bracing for large scale protests for tuesday when angela merkel visits public gatherings in the center which houses the german embassy and the greek parliament for britain for the first time in decades why now they forbidding such demonstrations to take place indeed this is a very interesting question we have just received a couple of hours ago a communique did chris from the police. for a building basically. prohibiting the attendance of the public to the products so this means that you will have a
minute to go through the numbers we're speaking right now i currently have a seven point three public deficit and a public debt over one hundred sixty percent of the greek g.d.p. this is exactly the same for said percentage of public debt we had before the unusual story package in the ne shal be live in the meanwhile unemployment has reached twenty five percent and within the younger population it has skyrocketed to what are the first sentence. people as you're saying we have seen no major...
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of austerity this according to cameron is the only way for the united kingdom to reduce its budget deficit by twenty fifteen the prime minister's conservative led coalition has however rejected the idea of an imposing new taxes on the wealthy and called for more cuts and welfare spending cameron has also slammed the e.u. threatening to veto its new budget he has instead proposed to introduce two different budgets for the twenty seven nations bloc one for eurozone states and one for countries with their own currencies george editor of the staggers blog at the new statesman magazine says that this measure what undermined the position of britain in the e.u. . and that's why you need to that being members but i can't see. your. main. box agreements here. was the division between the you or is there not between. members. can actually isolate. seats at the top table and that's something that british go. bankrupt so do you have to avoid decades the. mean one of two g. twenty countries obsession is it silly and if i asked the u.k. economy actually starts to shrink problems. ground floor is the fac
of austerity this according to cameron is the only way for the united kingdom to reduce its budget deficit by twenty fifteen the prime minister's conservative led coalition has however rejected the idea of an imposing new taxes on the wealthy and called for more cuts and welfare spending cameron has also slammed the e.u. threatening to veto its new budget he has instead proposed to introduce two different budgets for the twenty seven nations bloc one for eurozone states and one for countries...
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Oct 11, 2012
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it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious. maybe the ideas that would have to be put forward will be unattractive to some people. obviously we're in a position where new discipline is going to have to be imposed. people are going to be disappointed in the consequence. >> they worship the god of re-election. they're figuring that out and how to duck every hot issue before november 6th. then erskine says the whirlpool of $7 trillion is going to hit us like a rainstorm. >> people are never going to understand how critical this particular time in history is
it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it...
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i think that the issue of deficit spending in the enormous debt in the u.s. is for sure an issue i think that it's something that needs to be addressed i think so many of these issues with the dead in the debt overhang and what that creates in the economy kind of creates these situations then we do see people protesting in the streets along with kleptocracy and the kind of programs that bail out banks mind you so there is that issue but i do think that there's this kind of political rhetoric that i hear where you hear politicians like newt gingrich or pundits saying the u.s. is great and i do think that's kind of a disingenuous talking point because the u.s. isn't greece the u.s. is not stuck in a currency zone where it has zero control of its monetary policy i mean love it or hate it the u.s. does have a fed printing money and setting interest rates also the u.s. . the global reserve currency and the u.s. is benefiting from kind of a weird global situation where the u.s. dollar and u.s. debt is kind of a safe haven even though many people would argue that ul
i think that the issue of deficit spending in the enormous debt in the u.s. is for sure an issue i think that it's something that needs to be addressed i think so many of these issues with the dead in the debt overhang and what that creates in the economy kind of creates these situations then we do see people protesting in the streets along with kleptocracy and the kind of programs that bail out banks mind you so there is that issue but i do think that there's this kind of political rhetoric...
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and they which is you know we've got this crisis going on our main priority should be to reduce the deficit we don't have the time with inclination now to talk about having me referendum is wonderful isn't it we were told for twenty years that now was not the right time for a referendum because europe wasn't an issue and now we're told now it's a wrong time because europe is an issue you know the eurozone crisis and all this i mean it's the ultimate yes minister argument you know a perfectly good idea in principle minnesota perhaps now is not the most propitious occasion if not now when you know the eurozone crisis has wrecked the premise on which we joined it's falsified our membership terms europe is collapsing as a share of our exports the rest of the world is increasing almost by the minute as a share of our trade. the reason that we went in in the first place in the early seventy's in the argument has been deployed for nearly forty years has now been made redundant by the collapse of the eurozone economy and the mulish insistence of the eurozone governments on accelerating all the poli
and they which is you know we've got this crisis going on our main priority should be to reduce the deficit we don't have the time with inclination now to talk about having me referendum is wonderful isn't it we were told for twenty years that now was not the right time for a referendum because europe wasn't an issue and now we're told now it's a wrong time because europe is an issue you know the eurozone crisis and all this i mean it's the ultimate yes minister argument you know a perfectly...
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Oct 9, 2012
10/12
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it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ame
it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk....
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the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government share of spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important if cameron wants to gain this reputation is had in the past for huge compton's something he didn't mention which i have to say i wasn't really expecting was scotland of course we had recently that the stalemate between london and on as a holding a referendum on its participation in the u.k. david cameron will meet with premier alex salmond on monday to hash out the details but what we're hearing is that there will be a referendum held in. two thousand and fourteen i simple yes no question as to whether scotland will remain part of the u.k. and of course the major thing that david cameron does not want is to be the man who is in charge over the break up of the k. . of the let's get more the pros and cons of scott was possible independence and talk to gerry purvis he's leader of devo plus which campaigns
the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government share of spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important if cameron wants to gain this reputation is had in the past for huge compton's something he didn't mention which i have to say i wasn't really expecting was scotland of course we had recently that the...
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Oct 14, 2012
10/12
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. >> he says by the end of his first term he would cut the deficit in half. (laughter) >> and yet, he still has not put a single credible plan on the table how to deal with the debt crisis. >> martha with all due respect this is a bunch of mularkey. >> i don't know what i like more, the fact he's got a widow's peak or going off the deep end. >> alisyn: and thank you senator, here we go. >> that was right for parody and pretty solid job from sudeikis. >> alisyn: he does romney and biden. >> clayton: and he had the voice of ryan down. >> dave: finally presidential comedy, we love it. >> clayton: first, the second presidential debate will have a different rook and style of the first round and the reports that the president will take the gloves off. and what can we expect to see the candidates face off tuesday at hofstra university. >> dave: and peter doocy is live in d.c. this morning with the details, good morning. >> reporter: good morning, david. the debate will have a moderator and the questions by the people, and no idea what they want to ask about, only th
. >> he says by the end of his first term he would cut the deficit in half. (laughter) >> and yet, he still has not put a single credible plan on the table how to deal with the debt crisis. >> martha with all due respect this is a bunch of mularkey. >> i don't know what i like more, the fact he's got a widow's peak or going off the deep end. >> alisyn: and thank you senator, here we go. >> that was right for parody and pretty solid job from sudeikis. >>...
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the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government sherif spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important of cameron wants to regain this reputation is had in the past for huge compton's also did he address fears that the vulnerable will suffer most from the cuts and the economic strategy that he's proposing he tried but he's really the only one at this conference who did he delivered a classic conservative message she said smaller government talked about aspiration less about hard work but that's come against a backdrop of an announcement of a ten billion pound cut in the welfare budget which will affect primarily the young and the poor no talk of older people and we know in this country older people whatever their incomes are otherwise they all get a state pension they all get free travel they all get a winter fuel allowance that's not being addressed the twenty something he didn't mention which i have to
the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government sherif spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important of cameron wants to regain this reputation is had in the past for huge compton's also did he address fears that the vulnerable will suffer most from the cuts and the economic strategy that he's proposing he...